POSCO Holdings announced on the 8th that it has signed a memorandum of understanding (MOU) with the Alberta Investment Council (IAC) of Canada at the Canadian Embassy in Seoul to secure lithium from "oil-field brine."
Oil-field brine is emerging as a new lithium resource as it has a relatively low lithium content compared to conventional brine resources, but large deposits have been reported in the United States and Canada.
POSCO Holdings is looking for partners to cooperate in developing resources such as lithium in oil-field brine in Alberta, and plans to expand its supply chain of raw materials such as clay and oil fields, as well as brine and ore lithium.
POSCO Holdings expects to secure a pivotal role in the North American lithium market by strategically aligning with the US Inflation Reduction Act (IRA) through the agreement with the IAC.
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